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Argentina Freezes Prices to Break Inflation Spiral
Posted by William Dwyer on 2/05, 11:30am
Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation. The price freeze applies to every product in all of the nation's largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The government announced the price freeze on the first business day after the International Monetary Fund formally censured Argentina for putting out inaccurate economic data.
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